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20120701
20120731
Search Results 0 to 16 of about 17 (some duplicates have been removed)
'm rejoined by cnn contributor will cane and bill gross, founder and co-chief investment officer of pimco. we want to pick up where we left off. surprising amount of agreement. this is actually not that surprising. i think everybody in america with maybe a very few xpepgexces understand we need tax reform. we need economic growth. we need to solve the jobs problem. i don't think there is anyone that would like us to go over the fiscal cliff. why is this problem not getting solved? >> you have to give something up. some people are going to give something up. some people could give up mortgage interest deduction. sh could give up some of their retirement benefits. i don't even know what is all on the table to give up. no one wants to give anything up. in a way, it's almost like america is living the me more now bubbler are a. no one wants to pay for what we've already spent. >> well, okay. >> i reject your premise. the fiscal cliff will be avoided. calvin coolage said if you see ten problems coming down the road, odds are if you stand still, nine will fall in the ditch. the fiscal cliff is goin
with the new politics of extremism." cnn's political director mark preston and cnn's conservative contributor will cain. do they call you that? i keep adding that. >> i let you describe me. >> describes himself as a conservative and he says that two parties working together to achieve a solution is created today's problems. >> that's true. >> i don't understand what you're talking about. >> that's what i'm talking about is in historical perspective. norm will join nous a few minutes that will rebut what i have to say. i'm saying this combination of democrats and republicans seeking low taxes and high spending has created everything from social security to medicaid to no child left behind and i couldn't think we look look at these across the board and pump our fists good job, congress. yes, now we are in a terrible situation, ali. we are looking at a fiscal cliff that i'm going to take a pin and go over to your post-it note and get these three things done. >> right. >> before you just put bipartisan up on mount rush more realize what got us here in the first place. >> i'm not objecting to whet
. >>> what would that recession look like? cnn contributor and conservative commentator will cain joins us now and bill gross, founder and co-chief investment officer of pimco. the world's largest investor in bonds. bill, i'll get to you in a second. will, i have investigated the origins of your name. it turns out that will cain is gaelic for ostrich with head in sand. because you think we should do nothing. >> i don't think we should do nothing. i think the obviously of your call for action on the nis cal cliff is clear to everyone regardless of their political ideology. i don't want you to be near-sighted. because right around the corner from the fiscal cliff is another problem. in fact it is a problem exacerbated by avoiding the fiscal cliff. if i can, may i show you? >> you have a graphic? >> tlaert. from t that's right. this shows the united states debt-to-gdp ratio, this blue line extending from the green, our current situation, shows what happens to our debt-to-gdp ratio should we avoid the fiscal cliff. that is tax cuts are extended and spending cuts avoided. within 30 years we soa
>>> coming up in the cnn news room, the polls close in libya. a live report from tripoli and a report on widespread police corruption in puerto rico. "your money" starts now. >>> an economic storm is headed our way. i've given you the proof but you're demanding to know how we got here in the first place. i'm ali velshi. as long as your politicians don't tell you the truth about our economy i will. slow downs in europe and asia are creating economic head winds strong enough to blow us into another recession. that's where we are today but i'm so caught up in avoiding this recession that some of you think i'm not paying enough attention to how we got here and you may be right because we've got limited time and we need solutions and right now, those solutions, many of them, lie with congress. but there are causes and there are many of them. a simple answer would be the cleanest, the most convenient, out of control deficits or stimulus. it's barack obama or george w. bush, but it's not that simple, not that satisfying. one cause however does stand out amongst many. cheap and a
." plus, cnn's political director mark preston and cnn's conservative contributor will cane. do they actually call you that? i keep adding that. >> i let you describe me. >> he describes himself as a conservative. he says that two parties working together to achieve a solution has created today's problems. >> that's true. >> i don't understand what you're talking about. >> that's true. >> you heard mohammed el-erian say first do no harm. doing nothing before the elections in an environment where we have a 30% chance of recession if you believe him, is doing harm. >> when you say that i think bipartisanship created our problems, what i'm talking about is a historical perspective. we have norm to join us in a few minutes here and will rebut what i have to say. but what i'm saying to you is this combination of democrats and republicans seeking low taxes and high spending is created everything from social security to medicare to no child left behind. i don't think we can look at these across the board and say pump our fist, good job, congress. yes! now we're in a terrible situation,
crisis. krista freeland and will cain is a cnn contributor and is so wrong about the truth of this congress that i insist he comes on until i can convince him otherwise. welcome to all of you. >> bravo you for having background music to your sermon this week. i feel like we're about to land on an asteroid. >> i would like to know where the asteroid is coming from. we have a, in my opinion, we're calling it storms. we have two storms. we have the one over europe that is getting big. it is hitting us. the waves are higher. the winds are stronger. and then we have this one coming out of washington which teams entirely avoidable and fixable. what's your thought? >> the one in washington is contrived. on the other hand, it reflects our politics and our voters which are incredibly divided. so i don't think we're going to go off the fiscal cliff. but i'm not sure. maybe we'll get to next year and they'll say well we're not -- we're going to do it retro actively. a lot of stuff will start unwinding. europe, that's aeeper problem. there's years there. >> i'm not sure is the problem.
day. latest cnn/orc polls just 27% of you say the economy is in good shape. 73% feel that conditions are pretty poor. >>> and while rays of hope peek through the clouds from time to time, the u.s. economy is fragile right now. families are facing long-term unemployment. there are foreclosures. higher student loan payments. higher medical costs. so the notion that you may have to pay higher taxes by next year could make you decide not to spend money you otherwise would have spent. i get it. everyone wants lower taxes. but you can't have lower taxes. because for years and years, your federal government, both political parties, mismanaged the books and spent more money than they took in. our tax system is broken. half the country pays no income tax, and the rich pay as a percentage of their income less than the middle class does. we have a tax system that needs an entire overhaul and we've got a lot of interest to pay on the debt that we've accumulated. which is why, at least for the moment, you can't have a tax cut. but what president obama wants to do is extend a tax cut that you've a
, everyone, you're in the cnn newsroom. we begin with politics, presidential politics. the president has two important campaigns stops in virginia today. in his own words, quote, if and when we get virginia, we will win this election. end quote. he won it in 2008. the stakes can't get any higher with. however this president not taking virginia for granted at all, is he? >> no, not at all, fredricka. the state has 13 electoral votes. very important to the president's reelection efforts. as you mentioned, he did win in 2008 but he was the first democrat to do so since lindon johnson in 1964. so it is by no means a reliably blue state. but the obama campaign is helping to keep virginia in the blue column. they are doing so, they hope, by arguing that the president will look out for the pr of middle class wheel mitt romney cares more about helping out the real wael think. let's see what he had to say at his first stop in glenn oak, virginia. he got rained on but let's hear what he had to say about mitt romney and republican fles congress. >> they will spend a lot of time talking, but if you cut
Search Results 0 to 16 of about 17 (some duplicates have been removed)